Your Terms and Conditions should begin with a quick explanation of the general terms under which the agreement is formed. This will usually include the conditions of the agreement and how much notice is required to terminate it. It should specify any requirements for accepting the agreement, such as age. This ‘generic information’ will normally …
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Though the specifics of each contract will differ when drafting a contract, it must include a few key pieces of information to be valid and legally binding. First, every contract must include capable parties; someone who is mentally incapacitated or a minor cannot legally sign a contract. Then, the document must include: Offer Acceptance Consideration …
A franchise agreement is a legally binding contract between a franchisor, the owner of a business or brand, and a franchisee, who buys the right to operate a business using the franchisor’s name and business model. In exchange for the right to use the franchisor’s intellectual property, the franchisee pays an initial franchise fee as …
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A written non-disclosure agreement, commonly known as an NDA, is a legal contract that prohibits parties from disclosing confidentiality agreements unless explicitly authorized. An NDA identifies private information and limits its distribution both within and outside of your organization. Non-disclosure agreements are frequently used in business with employees, vendors, customers, investors, and other third parties. …
A lease is a transfer of occupancy rights over the property for an agreed-upon time term and monetary amount. It is vital to emphasize that in a lease, the property’s ownership does not transfer. The Transfer of Property Act (1882) governs the transfer of immovable property. Essentials of drafting Leases Agreements Key Drafting Points A …
